As a result of money in an economy,

A. transaction costs are higher than would be the case in a barter economy.

B. stealing exists and people have to find ways to prevent theft.

C. real Gross Domestic Product (GDP) and economic growth are greater than they would be in a barter economy.

D. people are greedier than in a barter economy.

Question

Social Studies

Cindy Lou Who

27 August, 09:50

As a result of money in an economy,

A. transaction costs are higher than would be the case in a barter economy.

B. stealing exists and people have to find ways to prevent theft.

C. real Gross Domestic Product (GDP) and economic growth are greater than they would be in a barter economy.

D. people are greedier than in a barter economy.

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Answers (1)

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Fernanda Jacobson · Answer 1

As a result of money in an economy, the real Gross Domestic Product (GDP) and economic growth are greater than they would be in a barter economy.

Answer: Option C

Explanation:

The economic growth and real GDP are higher in the money economy than in the barter economy because money processed exchanges cheaper, therefore, people are more comfortable to manufacture, cultivate or produce their specialized material and buy other necessary commodities by earning money after selling off their specific goods or services.

Such a phenomenon hiked the production and consumption level in-country or world; it also empowered goods and services which in turn hiked the value of it in both the national and international markets.